FOR SALE by Private Treaty Tenants not affected

MOREHAMPTON HOUSE 8 4 INVESTMENT OPPORTUNITY DUBLIN 4

T 01 6611233 www.realestate.bnpparibas.ie

01www.realestate.bnpparibas.ie 6611233

BNP Paribas Real Estate 20 Merrion Road, Ballsbridge, Dublin 4 T +353 1 6611233 [email protected] For Sale by Private Treaty Tenants not affected

INVESTMENT SUMMARY

Rare opportunity to acquire a mixed use investment in Tenants are Redcoral Catering Limited t/a “Insomnia” and the heart of Ballsbridge, Dublin 4 Morehampton Developments Limited.

Ground floor Retail with modern offices overhead Passing rent of €132,500 p.a. exclusive. recently upgraded to a high specification.

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Excellent location in the heart of Ballsbridge in ONVILLE ROAD

close proximity to a host of amenities including PERCY PLACE LWR BAGGO PETTY LANE ST STEPHENS GREEN EAST SHELBOURNE ROAD NORTHHUMBERLAND ROAD WR C KEVIN ST L AVE the RDS, AMDEN ST L Aviva Stadium, Herbert Park and AVIVA SAND STADIUM NEWBRIDGE T ST. ON ROAD YMOUNT R LEESON STREET LOW Lansdowne RoadHARC Dart Station. The property is IVEAGH HERBERT PLACE WR GARDENS OAD O FITZWILLIAM HADDINGT situated in the centreUR of a parade of high profileSQUA RE OAD T ST MARNIA DRIVE E Y’S R retail properties that include well known traders FITZWILLIAM PLACE ST MAR LANDSDOWNE C AD LAN HATCH STREET L AMDEN ST UPR PEMBROKE GRD ROAD CLANBRASSIL ST such as Paddy Cullen’s Public House, Mary Macs, STATION E R TON TERRACE WIL ARK Ladbrokes and Base Pizza. PEMBROKE ROAD

MESPIL ROAD ARNEY P F

OAD SOUTH CIRCULAR RThe area enjoys high footfall with a number of PEMBROKE LANE PEMBROKE ROAD BURLINGT ON RD

large offices in the location including the AIB ARK CHARLEMONT PLACE EGLIN ROAD OO LN ON ROAD Bank Centre, Embassy House, Simmonscourt OO ROAD TERL

TERL BALLSBRIDGE P DARLMOUNTH SQ N SUS WA RAGLAN ROAD

WA WELLINGT and SweepstakesCHARLEMONT Buildings MALL as well as benefiting SEX ROAD HEYLESBURY LN

from events regularly held in the RDS and Aviva RAGLAN LANE SANDYMOUNT

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Morehampton D House 8 Merrion Road Ballsbridge Dublin 4 INVESTMENT DUBLIN 4 OPPORTUNITY

THE PROPERTY ACCOMMODATION A mixed use investment consisting of The Net Internal Floor Areas are as follows: ground floor retail with refurbished modern offices overhead which have recently been MOREHAMPTON HOUSE USE SQ. M upgraded to a high specification. Basement Retail Storage 21.8 The Retail unit features a modern shop front with extended rear access with toilet and Ground Floor Retail 77.6 storage accommodation at basement level. First Floor Office 48.6 The overhead comprises 2 floors with Second Floor Office 33.3 5 separate suites and toilet facilities on both floors. The second floor also features TOTAL 181.3 timber decking with magnificent views of Purchasers are specifically advised to independently verify floor / site areas and to the and Aviva Stadium. undertake their own due diligence.

Tenancy The property is let as follows:

Floor Tenant Term Break Expiry Total Rent p.a. Basement Redcoral Catering Ltd 25 years n/a 25/01/2026 €105,000 Retail

First Morehampton 25 years 01/02/2018 01/02/2038 €27,500 Second Developments Ltd TOTAL €132,500 INVESTMENT Guiding €2.5 million (subject to contract) which equates to net initial yield 5.0% based on the current rent and assuming standard purchase costs.

Title Freehold.

VAT VAT will not be chargeable on this sale.

Capital Gains Tax (CGT) Purchasers should note that any property purchased in 2014 and held for a minimum of 7 years will be exempt from Capital Gains Tax for that period.

BER Details

BER Number: 8000318347 Energy Performance indicator - 903.13 kWh/m2/yr

CONTACT

Kenneth Rouse 20 Merrion Road BNP Paribas Real Estate gives notice that [email protected] these particulars are set out for general Ballsbridge Dublin 4 outline only, for the guidance of intending Purchasers and do not constitute, nor constitute part of an offer or contract. All descriptions, dimensions, references Peter Flanagan Tel: +353 1 661 1233 to condition and other details are given [email protected] Fax: +353 1 678 9981 without responsibility and any intending Purchasers should not rely on them as statements or representations of fact, but must satisfy themselves or otherwise as to the correctness of each of them. All floor www.realestate.bnpparibas.ie areas are approximate.

t 01 845 9925 e [email protected] w www.avalanchedesign.ie

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